Ever witnessed the wrong person getting the wrong job?

The recruiting process feels like there is no opportunities for a bullshitter to make his way into IB, but it must've happen.

Do you guys have any examples of someone making it in the industry but getting caught being worthless in the job?

Speaking of Interns primarily, but also post-MBA analysts/associates.

Comments (34)

 
Funniest
  • Prospect in IB-M&A
Nov 20, 2020 - 9:44pm

yea had some idiot from my school get in into a BB (no experience, asshole person), he was only asked behavioral and got into it because he was "diversity" even though he was fully white (his mother was from Spain). This diversity recruiting is making me want to like dick so I can qualify for an easier interview and have better chances.

 
  • Associate 2 in IB-M&A
Nov 20, 2020 - 10:52pm

You should come to Asia esp HK/China and see the hiring practices. Every single fucking new hire is a "princeling" nowadays. (The so called Sons and Daughters Program) Even after paying hundreds of millions of dollars in fines, banks seem to have no intention cleaning up their shit. It's like they don't give a f about what the regulators across the pacific ocean think. 

 
Nov 21, 2020 - 9:12am

All the time and at all levels. I know it's hard for many young'uns here to imagine but there is tons of deadweight/ineptitude at higher levels in this industry. They have ridden the tide or the coattails of someone else or mommy and daddy are/were a huge client/ran a country/state etc. That is, unfortunately, life. 

I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.
 
Nov 21, 2020 - 7:51pm

Happens a lot.

From clueless juniors hired because of well-connected rich parents to just in time hires at hot HFs, have seen the wrong person get hired again and again.

The only thing is, they usually fizzle out. Most of the ppl who get there for the wrong reasons end up not making it. They didn't put the effort into getting the job in the first place, don't put what's needed to get ahead and more than often blow themselves up.

The intrinsically motivated may initially take longer to get the right opportunity, but they have staying power.

 
Nov 21, 2020 - 9:59pm

A lot of college students (sophomores especially) look good on paper but are clueless about finance or what employers want. 
I know a girl recently who had okay grades and good EC's but is a certified retard with financial concepts, and landed an internship at an AM place.
After a month, the MD fucked her off because she just turned out to be untrainable.

 
Nov 21, 2020 - 10:37pm
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